Ace Your SOC Report with a SOC Audit Checklist
For many organizations, obtaining a System and Organization Controls (SOC) attestation report is table stakes for doing business. Many customers and vendors won’t even consider working with an organization that can’t produce a SOC report issued by an independent third-party assessor. Going through a SOC examination for the first time can seem overwhelming, but by taking the time to work through a simple audit checklist, many organizations can set themselves up for success. What is SOC Compliance? Companies are often asked if they are “SOC compliant” or if they can provide proof of “SOC compliance.” These terms can create confusion around what a SOC report represents, because SOC itself is not a compliance framework. SOC reports are attestation examinations performed by an independent third party to assess whether the organization’s internal controls are designed and operating effectively to mitigate different types of risk. The guidelines for what types of risk mitigation measures are ...